BSM Cyprus

BSM Cyprus was the first shipmanagement company incorporated on the island more than 40 years ago in 1972. Cyprus was chosen due to its ideal geographical location as a “gateway” to Europe and the Middle East. Further, the Cyprus flag taxation of shipmanagement companies under the tonnage tax system instead of corporation tax is an ideal asset to any shipmanager.

Since its establishment, the clear focus of BSM Cyprus has been on the quality of crew serving onboard customers’ vessels and the provision of highly educated and properly trained personnel.

Recognising the importance of seafarer training, the new Maritime Training Centre was launched in the heart of Limassol in 2013, replacing the Hanseatic Marine Training School founded back in 1983, and has recently been further upgraded to provide advanced full mission bridge and engine room simulator capability.

Bernhard Schulte Shipmanagement (Cyprus) Ltd.

Nick Kretsis

Managing Director (BSM Cyprus)

Nick Kretsis

Managing Director (BSM Cyprus)

Nick Kretsis was appointed Managing Director of BSM Cyprus in 2018, having first joined BSM in 2015 as Fleet Director. His professional career included other leadership roles within the industry including Technical Director and Newbuilding Director for LORMAR Shipping Ltd. Nick has 29 years of experience in the shipping and oil & gas industries and is a qualified Marine Engineer from the Academy of Aspropyrgos, Athens. He served at sea for over 5 years, coming to shore in 1996 to continue his education in the United Kingdom where he obtained a Master of Science in Marine Engineering and Sustainable and Offshore Engineering. Further, Nick holds an Executive MBA in Strategic Management.